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My support is based on my own research and understanding of the projects and what the company are required to do to achieve the goals that are set. I am happy to have accumulated and still am.
If my investment fails I will not be blaming anyone but myself unlike some!
His figures were in $ not £
$450 to $550 a month
The 5M was in $ not £
I agree that a loan for $5m to upgrade the plant is affordable and no need for dilution
5m over 5 years at 15% rate is 116K a month so affordable against $500K a month income, Could be $100K a month with lower rates. No need for dilution to afford that assuming we meet the $450K a month FB income.
That's also assuming anyone can believe anything he says :)
"Fantastic news if confirmed"
ffs
"I do hope the doubters can achieve their target price to bail out early. It’s getting f****** tedious now listening to you all trash your investments."
Its beyond tedious reading your continual bizarre support for the only person who has trashed our investments.
The plant upgrades will need to be in place sooner I would have thought to coincide with the in pit oxides being depleted and smooth transition to mine the transitional ore thereafter.
This from the DFS states , “the ‘defined’ oxide material will be depleted within two years and fresh material will gradually be introduced until year four, thereafter only fresh material will be processed.
Fresh material would include oxides found from further exploratory work.
So appears we are going to build the plant at about £/$5m ‘borrowed’. To answer the question earlier! Fantastic news if confirmed.
£450kpm £6mpa mentioned once again.
Kakuyu is as I thought, not jumping straight in and taking the diligent approach.
As confident as ever ore sorting will have significant economic advantages. Even bold enough to imply an IRR of 25% which is desirable and competitive.
I do hope the doubters can achieve their target price to bail out early. It’s getting f****** tedious now listening to you all trash your investments.
Lucky
Obviously sarcasm may not translate well in a post !
I thought my ...
"Apparently everything is doing fine and all is looking great" was the give away :)
Anyone who is stil in this pos after the euphoria of BR in 2021, 2022, and the warnings about African revenues never forthcoming, needs their heads examining.
The party's over.
It seems like he really is determined to dilute out all the long term shareholders.
Apologies for what?
He's talking about building a new plant and going to the bank for 5 million.....at these intrest rates?
He said hoping for good news at BR.
Looking to raise for new projects etc etc etc
Heard it all before, time and time again.
Asking for more patience!! Fck off!
Imho the good news was that he is going to continue to exploit FB value by building a flotation plant for the sulphides and transition ore. Orders should be in for that by end of the year....apparently.
So that should be built by 2026 (my time scale) if previous lead times are anything to go by !
Bad news is he's still looking at other small acquisitions - but nothing imminent.
Still no acceptance of any responsibility why the sp is so low. At least he didnt blame it on the war this time. That's the same war the saw the sp hit 7p 2 months after the war had started :)
Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
Xtr at 1 hr :13 mins
Apologies to Colin
Apparently everything is doing fine and all is looking great
I hope Colin hasn't been using Joel to move money out of XTR to benefit his other interests or other companies within his control.
But who has benefitted from Joel's accountancy ?
When the total XTR costs including staff and board remuneration are added up for all the years we have had Manica, have we seen any real profit ? Has anything been left for shareholders here when all the costs so far are included ?
80KG TO 100KG
Min 65kg stated in RNS so I believe that.
Thats min so we may get to 70kg. Typical CB with expectation management. That is not bad and should see £300K to £400K profit before tax a month.
But he was implying much more than that.
>>>The FB income won't be seen as great news when you compare it to our current expenses or 3 Million a year.
Operating costs across year 21 and 22 included £1.47m in ‘21 and £0.25m in ‘22, for those share options granted to employees and consultants. Also included were the costs impaired for Kalengwa @ £.32m in ‘21 and £.98m from eureka in ‘22.
‘23 should see a healthier balance sheet
There has been so much misdirection here I need a reset. Am I correct in saying Colin told us to expect 100kg per month gold for XTR share ?
Maybe CB can release updated revenue, expenses and profit to spell it out to the market.
The FB income won't be seen as great news when you compare it to our current expenses or 3 Million a year. We know it should be less now but the market doesn't.
"Truly hope AGM can be this month"
I hope so to but I wonder if cb will try and delay it for as long as possible hoping some good news can be found.
I would expect that to be re FB income??
Q1 results should be out this week. Maybe if they are very good he may use those as the 3 week AGM trigger? I doubt it though.
Q2 results should be at the min 65kg a month production as stated in last end of year results RNS. Knowing CBs MO, my best guess is that Q2 results are released earlier than 3 months end period, say in late august (2 months after end period) and then he calls AGM for mid sept off the back of good FB Q2 results with profit stated in RNS.
Truly hope AGM can be this month...
Or post it on the xtract telegram.
Can you try the link again, isn't working.
NG, think that was plan, using money from BR sale....
Hzap, how about xtr paying for the flotation circuit and getting our own royalty from mmp ? could work , mmp already have two royalty companies with them .